TITLE 872 INDIANA BOARD OF ACCOUNTANCY

Under IC 4-22-2-23, the Indiana Board of Accountancy intends to adopt a rule concerning the following:

OVERVIEW: Amends 872 IAC 1-0.5-1 concerning definitions. Amends 872 IAC 1-1-2, 872 IAC 1-1-6.1, 872 IAC 1-1-6.2, 872 IAC 1-1-6.3, 872 IAC 1-1-6.5, 872 IAC 1-1-6.6, 872 IAC 1-1-8, 872 IAC 1-1-8.4, and 872 IAC 1-1-10 concerning requirements for certification, licensure, and registration. Adds 872 IAC 1-1-9.6 concerning education requirements. Adds 872 IAC 1-1-11.5 and 872 IAC 1-1-18.5 concerning examinations. The purpose of the rule is to allow accounting degree-bound students in Indiana to sit for the Uniform CPA Exam as administered in 55 jurisdictions and internationally without the timing and content restrictions under the current rule. In doing so, Indiana's top talent will be able to enter the CPA profession earlier and with a critical skill set identified for today's global marketplace. This alignment allows Indiana college students to sit for the Uniform CPA Exam before graduating and with fewer credit requirements (currently 150 credits moving to 120 credits to sit) while maintaining the licensure requirement of 150 credits. Statutory authority: IC 25-2.1-2-15.

For purposes of IC 4-22-2-28.1, the Small Business Regulatory Coordinator for this rule is:

Toby Snell

Board Director, State Board of Accountancy

Professional Licensing Agency

Indiana Government Center South

402 West Washington Street, Room W072

Indianapolis, IN 46204

(317) 234-8817

tobsnell@pla.in.gov

For purposes of IC 4-22-2-28.1, the Small Business Ombudsman designated by IC 5-28-17-6 is:

Emily Totten

Small Business Ombudsman

Indiana Economic Development Corporation

One North Capitol, Suite 700

Indianapolis, IN 46204

(317) 402-3062

etotten@iedc.in.gov

Resources available to regulated entities through the small business ombudsman include the ombudsman's duties stated in IC 5-28-17-6, specifically IC 5-28-17-6(9), investigating and attempting to resolve any matter regarding compliance by a small business with a law, rule, or policy administered by a state agency, either as a party to a proceeding or as a mediator.

DIN: 20220316-IR-872220093NIA

Composed: Jul 26,2024 11:42:43PM EDT

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